Work starts on Vietlog Industrial’s flagship warehouse in northern Vietnam

By Huong Dung
Thu, August 18, 2022 | 9:58 am GMT+7

Vietlog Industrial (VLI), an affiliate of Hong Kong-based investment management company Skymont Capital, early this week broke ground for its VLI Warehouse Hung Yen project.

Located on a 4.17ha land plot in Hung Yen province’s Minh Quang Industrial Park in My Hao district along National Highway No.5A, the project is 41 km from downtown Hanoi and 88 km from the Hai Phong port.

This will facilitate import and export of goods, as well as access to other manufacturing centers in the northern region.

Once operational in the first quarter of 2023, VLI Warehouse Hung Yen will be a 29,000 square meter Grade A warehouse with modern standards.

Vietlog Industrial breaks ground for its VLI Warehouse Hung Yen project in Hung Yen province, northern Vietnam on August 15, 2022. Photo courtesy of the company.

Vietlog Industrial breaks ground for its VLI Warehouse Hung Yen project in Hung Yen province, northern Vietnam on August 15, 2022. Photo courtesy of the company.

Speaking at the project’s ground-breaking ceremony, Alex Lin, co-founder of Skymont Capital, said that the warehouse marked a new milestone in Vietnam’s industrial warehouse market, representing his company’s commitment to its investors, partners, customers as well as local authorities in developing world-class industrial warehouses in Vietnam.

Quang Tran, VLI Hung Yen representative in charge of project development, said with international construction standards, Vietlog Industrial would meet increasingly strong demand for high-quality warehouse, especially in logistics and e-commerce.

The company has officially appointed real estate services company CBRE Vietnam as exclusive marketing and leasing consultant for the project.

Vietlog Industrial is an integrated property development and operating platform dedicated to building the most comprehensive network of high-spec logistics facilities in Vietnam. The leadership team has decades of institutional real estate investment management experience and an expansive network in the Asia-Pacific logistics sector.

Leveraging its strong in-house development expertise and solid long-term partnership with top-tier manufacturers and retailers, VLI aims to become Vietnam’s leading modern warehouse infrastructure developer and operator, Alex Lin said.

In May, Hong Kong-backed JD Future Explore V Limited embarked on developing a $32 million warehouse at the Non-Tariff Zone and Nam Dinh Vu Industrial Park in Hai Phong, northern Vietnam’s biggest port city.

Covering around 97,000 square meters of land, with rental areas ranging from 5,000 to 55,000 sqm, the JD Property Logistics Park Hai Phong 1 project is set to be completed in the second quarter of 2023.

SEA Logistic Partners (SLP), an industrial and logistics facility developer backed by warehouse giant GLP, in June commenced construction of a nine-hectare warehouse, its second in Bac Ninh province, an emerging manufacturing hub in northern Vietnam.

SLP Park Nam Son Hap Linh, the new facility, lies in Nam Son Hap Linh Industrial Park, with a total leasable area of more than 90,000 square meters. It would be completed in the second quarter of 2023, featuring modern-standard, Grade A warehouses.

JLL Vietnam told a press meeting last December that e-commerce was serving as a driving force for logistics real estate demand in Vietnam. The realty service firm predicted warehouse demand in the nation would grow three times faster than the rate of e-commerce growth, resulting in an increased need for efficient large-scale warehousing solutions like the Alibaba-backed Cainiao PAT Logistics Park in Long An province.

Comments (0)
  • Read More
HCMC's international financial center development to be phased out: city leader

HCMC's international financial center development to be phased out: city leader

Ho Chi Minh City aims to become an international financial center, with related development plan divided into three phases, said Vo Van Hoan, its Vice Chairman.

Economy - Thu, March 27, 2025 | 11:11 pm GMT+7

Car producers in Thailand postpone export models

Car producers in Thailand postpone export models

Car manufacturers in Thailand have decided to delay making some models for export due to U.S. President Donald Trump's new tariff policy.

Southeast Asia - Thu, March 27, 2025 | 10:17 pm GMT+7

Indonesia approves $7 bln budget for food security in 2025

Indonesia approves $7 bln budget for food security in 2025

Indonesia’s Ministry of Finance on Wednesday announced that the government has approved a budget of IRD118 trillion ($7.1 billion) for food security programs in 2025.

Southeast Asia - Thu, March 27, 2025 | 10:14 pm GMT+7

Honda Vietnam rolls out first domestically produced electric scooter

Honda Vietnam rolls out first domestically produced electric scooter

Honda Vietnam has officially launched its first domestically produced electric scooter, the ICON e:, marking a significant step in the company’s electrification and sustainable mobility strategy in Vietnam.

Southeast Asia - Thu, March 27, 2025 | 10:09 pm GMT+7

Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030

Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030

The seaport system in the central Vietnam province of Quang Ngai will need about VND10.83 trillion ($423.54 million) in investment by 2030, according to the detailed 2021-2030 development plan for local seaport land and water areas, with a vision to 2050.

Southeast Asia - Thu, March 27, 2025 | 10:06 pm GMT+7

Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant

Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant

Hoa Phat Group, Vietnam’s top steelmaker, targets a record-high revenue in 2025, driven by the expected partial operation of a steel and iron complex in the central region this year.

Companies - Thu, March 27, 2025 | 8:10 pm GMT+7

Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, is seeking to reach long-term cooperation with Vietnamese businesses in the offshore wind power sector.

Energy - Thu, March 27, 2025 | 4:16 pm GMT+7

Vietnam giant VinFast moves to expand EV service in Philippines

Vietnam giant VinFast moves to expand EV service in Philippines

VinFast, Vietnam’s largest electric vehicle (EV) manufacturer, has partnered with MGA.414 Corporation, the operator of the JIGA automotive service chain, to expand its EV service network in the Philippines.

Southeast Asia - Thu, March 27, 2025 | 3:48 pm GMT+7

Vietnam's MobiFone officially launches 5G services

Vietnam's MobiFone officially launches 5G services

MobiFone, one of Vietnam’s leading telecommunications providers, has officially commercialized its 5G services, becoming the third network operator in the country to do so.

Southeast Asia - Thu, March 27, 2025 | 3:45 pm GMT+7

Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province

Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province

Vietnamese automaker Thanh Cong Group officially inaugurated its Thanh Cong Viet Hung automobile manufacturing plant on Wednesday at the Viet Hung Industrial Park in the northern province of Quang Ninh.

Southeast Asia - Thu, March 27, 2025 | 3:32 pm GMT+7

Vietnam willing to open doors to US agricultural products: minister

Vietnam willing to open doors to US agricultural products: minister

Vietnam is actively preparing to open its market to U.S. agricultural products such as tangerine, plum, and lemon, Vietnamese Minister of Agriculture and Environment Do Duc Duy said on Wednesday.

Economy - Thu, March 27, 2025 | 3:08 pm GMT+7

S Korea chaebol Lotte eyes hypermarket in northern Vietnam

S Korea chaebol Lotte eyes hypermarket in northern Vietnam

South Korean conglomerate Lotte is eyeing projects in Thai Nguyen province, an industrial hub in northern Vietnam, firstly a hypermarket.

Industries - Thu, March 27, 2025 | 12:15 pm GMT+7

Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam

Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam

PDSI Group, a Dubai-based real estate and consulting firm, has expressed interest in developing a $2.6 billion commercial, tourism, and golf course complex in Binh Thuan, a south-central coastal province of Vietnam.

Real Estate - Thu, March 27, 2025 | 11:38 am GMT+7

S Korea's SK set to divest from Vietnam's giant Vingroup

S Korea's SK set to divest from Vietnam's giant Vingroup

South Korean chaebol SK Group is set to divest from Vietnamese conglomerate Vingroup, according to the former’s annual report 2024.

Companies - Thu, March 27, 2025 | 11:30 am GMT+7

StanChart adjusts USD/VND exchange rate forecast amid changing economic trends

StanChart adjusts USD/VND exchange rate forecast amid changing economic trends

Standard Chartered Bank has adjusted its USD/VND exchange rate forecast, reflecting shifts in global and regional economic conditions.

Economy - Thu, March 27, 2025 | 9:29 am GMT+7

Fund inflows help stabilize Vietnam's stock market: analyst

Fund inflows help stabilize Vietnam's stock market: analyst

As fund inflows are typically long-term investments, they play a key role in stabilizing Vietnam's stock market and preventing sharp fluctuations, according to Nguyen Duy Anh, Chartered Financial Analyst (CFA) at Vietcombank Fund Management Co., Ltd. (VCBF).

Finance - Thu, March 27, 2025 | 8:30 am GMT+7